Tax
New VAT Penalties & Interest Charges from 1 January 2023
Published on 29/10/2022For VAT periods starting on or after 1 Jan 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late.
Read MoreNew VAT Error Correction Notice Online Form (VAT652)
Published on 22/10/2022HMRC launched a new VAT Error Correction Notice online form on 8 August 2022. Find out how to use the form to tell HMRC of any errors in your VAT return.
Read MoreOption to Tax Land and Buildings – How Can I Recover VAT on Purchase of Commercial Property?
Published on 15/10/2022Option to tax land and buildings is a mandatory prerequisite if you would like to recover the VAT charged by the seller on the purchase of a commercial property. Click through to learn more.
Read MoreHow Does VAT Cash Accounting Scheme Work?
Published on 08/10/2022VAT Cash Accounting Scheme is very popular with small businesses due to the cashflow benefits it offers. Click through to learn how it works!
Read MoreMini Budget September 2022 – Which Taxes Have Been Cut?
Published on 24/09/2022Chancellor Kwasi Kwarteng has announced the biggest tax cuts for individuals and businesses in 50 years, including a permanent stamp duty cut!
Read MoreLeasing an Electric Car Through a Limited Company
Published on 17/09/2022Leasing an electric car through a Limited Company has become very popular due to the generous tax cut in the form of a 2% Benefit in Kind (BIK) rate on fully electric vehicles.
Read MoreLet Property Campaign – HMRC Letter Targets Landlords with Undeclared Rental Income
Published on 10/09/2022Let Property Campaign is a long-running disclosure opportunity aimed at residential property landlords who need to bring their tax affairs up to date.
Read MoreHow to Meet the MTD ITSA Requirements – Making Tax Digital for Income Tax Self Assessment
Published on 03/09/2022With the Making Tax Digital for Income Tax sign-up deadline fast approaching, we often get asked by clients how to meet the MTD ITSA requirements.
Read MoreAccountants for a Buy to Let Limited Company
Published on 27/08/2022Are you looking for Accountants for a Buy to Let Limited Company to help you maximise profitability from your rental property portfolio?
Read MoreFurnished Holiday Lettings – How Can My Property Qualify?
Published on 20/08/2022Profit from properties that meet the qualifying tests for furnished holiday lettings are taxed following the rental business calculation rules. Click through to learn more!
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